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20121118
20121118
Search Results 0 to 5 of about 6 (some duplicates have been removed)
in washington, right now, about the fiscal cliff? president obama says, look, let's extend the bush tax cuts, lower tax rates for 98% of all taxpayers including the middle class, right now. we can -- i'll sign it today. took out his pen at the news conference and the republicans saying, no, no, no, we can't do that until we decide what we'll do with the top 2% of taxpayers. why wouldn't the middle class voter look at that and say, these guys, the g.o.p., are all about protecting the rich? >> chris, two things, one, we as a republican party need to make it clear and we will make it clear we are not the party of big. big businesses, big banks, big wall street, big bailouts, when it comes to the tax code, the republican party have toic mate clear we are for a lower, flatter, simpler tax code and you can maintain progress sift and there are ideas to limit deductions and get rid of carvouts and we aren't the party trying to protect the rich. we are the party that wants growth, pro-growth parties and let the democratic party be a government growing revenues and we want to grow the private sector a
. >> chris: stay tuned. we'll be right back. >> president barack obama: my hope is that this is going to be the beginning of a fruitful process, where we are able to come to an agreement, that will reduce our deficit. >> we're serious about cutting spending and solving our fiscal dilemma and i believe we can do this and avert the fiscal cliff that is right in front of us today. >> chris: president obama and speaker boehner sounding up beat friday about prospects for cutting a deal to avoid the fiscal cliff and we're back now with the panel. so, after the president and congressional leaders met at the white house, on friday, the rhetoric was reassuring, the question is, is it real? do you get any sense, bob and this is the subject of your new book, that they really do see, are beginning to see a path to a compromise or are they trying to reassure nervous consumers before the christmas holidays and, investors because the stock market is done a thousand points. >> everyone is nervous about this. this is the last chance and the next six weeks could be six weeks that shook the united state
that the left opposes and right opposes and it's president obama, "the washington post" editorial board, new york times, a few others kind of in the middle there. we'll see. >> jon: the media loved it this week when the president met with some the heads of major corporations, but there weren't really any small business people represented and the question, is it just a photo op? >> well, i think the president is reaching out, he's making an effort to meet with a lot of different people. it is interesting that the first people who saw him after his election were union people and that shouldn't be surprising, but the media did take note of that. but i think that, mr. boehner's conciliatory attitude reflects exactly as said, the politics of the situation, and david brooks had an interesting column saying not only irresponsible to take the country over the fiscal cliff, but it's bad politics for the republicans. i think that accounts for the mood of con vifalty and consensus. >> and the media says is bad politics-- >> speaking of that the new yorker had a blaring headline this week, is obama will
is enough jobs. we are focused on a grand bargain, which is another way of saying austerity. president obama got it right when he said that companies are awash with cash. what they are missing is enough customers out there to prompt demand and justify them spending more on plants and equipment. businesses need customers. they do not create jobs. austerity is the opposite of income creating sales. it reduces income. tax increases reduce income. spending cuts reduce income. both, i would argue, are the wrong medicine for the economy today. we have seen the effects of austerity. we do not want to follow, these countries over the cliff and gratuitously -- we do not want to follow these countries over the cliff gratuitously. [applause] thank you. >> i want to talk to brad. take the next. >> i have a couple of things to say. our $2 trillion figure is not a recommendation. it is actually a response to the fact that everyone thinks that $4 trillion is what is needed to achieve -- a debt stabilization gold, stabilizing debt to gdp, to keep that from rising faster than the economy, which ultimately is
Search Results 0 to 5 of about 6 (some duplicates have been removed)

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